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Gas prices around the world
Think you pay a lot for gas? Perhaps you'd prefer to live in Venezuela.
NEW YORK (CNN/Money) Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S.

The main factor in price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.

In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said. All prices updated March, 2005.

Nation City Price in USD Regular/Gallon
Andorra $4.08
Belgium Brussels $5.91
Brazil Brasilia $3.12
Bulgaria Sofia $3.52
Croatia Zagreb $4.81
Cuba Havana $3.03
Czech Republic Prague $4.19
Denmark Copenhagen $5.93
Egypt Cairo $0.65
Estonia Tallinn $3.62
France Paris $5.54
Germany Frankfurt $5.57
Hungary Budapest $4.94
Ireland Dublin $4.78
Italy Milan $5.96
Japan Tokyo $4.24
Kuwait Kuwait City $0.78
Lebanon Beirut $2.63
Luxembourg $4.82
Netherlands Amsterdam $6.48
Nicaragua Managua $2.61
Nigeria Lagos $0.38
Norway Oslo $6.27
Panama Panama City $2.19
Portugal Lisbon $5.35
Puerto Rico San Juan $1.74
Romania Bucharest $4.09
Russia Moscow $2.10
Saudi Arabia Riyadh $0.91
South Africa Johannesburg $2.62
Spain Madrid $4.55
Sweden Stockholm $5.80
Switzerland Geneva $4.74
Taiwan Taipei $2.84
United Kingdom London $5.79
Venezuela Caracas $0.12

Source: air-inc.com

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